Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.57 and traded as low as $0.5189. Melco International Development shares last traded at $0.5189, with a volume of 7,500 shares traded.
Melco International Development Price Performance
The company has a debt-to-equity ratio of 6.50, a quick ratio of 0.57 and a current ratio of 0.58. The stock has a 50 day simple moving average of $0.57 and a 200-day simple moving average of $0.63.
Melco International Development Company Profile
Melco International Development Limited is a Hong Kong–based investment holding company with diversified interests across property development, hospitality, gaming and entertainment sectors in Asia. The company pursues opportunities in integrated resort operations, property investment and development projects, leveraging its background in real estate to support long-term growth.
Through its controlling stake in Melco Resorts & Entertainment, Melco International is involved in the design, development and operation of world-class integrated resorts.
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